Tidelands Oil & Gas Corporation Press Releases

Tidelands Oil & Gas Corporation (OTCBB: TIDE)

January 14, 2003

TIDE Announces That the Board de Directors Has Approved the Implementation de Certificate Only Ownership Program

Tidelands Oil & Gas Corporation (BULLETIN BOARD: TIDE) announced today that the board de directors has approved the implementation de certificate only ownership program.

Tidelands Oil & Gas Corporation has elected to begin the implementation de a certificated stock ownership program de the Company's common shares. In the near future, share ownership will be evidenced in certificate form only under seal de the Company and signed by the President and Secretary de the Company. This action will cause the Company's shares to be transferred only within the provisions de "Certificate Only" or "Custody Only" status. This means that we will be exiting the Depository Trust Corporation (DTC) and Canadian Depository for Securities Limited (CDS) systems. When this is implemented, no certificates will be printed or entered into the Company's transfer agency records in the names de Cede & Co., Depository Trust Company, CDS & Co., their nominees, or any other type de depository for certificates. Certificates will only be printed and entered on the Company's stock ledger in the name de the beneficial owner de the shares de Company stock. In the future, all certificates surrendered to the Company's transfer agent will be cancelled and no new certificates will be issued until the former certificates for the same number de shares will have been surrendered or cancelled. No certificates will be valid unless signed by the President and Secretary.

This new share transfer policy will not restrict or limit our current or future shareholders from purchasing or selling company shares through broker/dealers. In order to become a registered shareholder, current beneficial shareholders whose stock is held in "street name" at their brokerage firms, should order out their street form shares to certificate shares in their names. As registered shareholders, the Company will be in a better position to communicate information directly to shareholders relating to business development. To become a registered shareholder, current shareholders may call their brokerage firms and ask them for delivery de their actual share certificates registered in each shareholders name.

This press release may be deemed to contain certain Forward-Looking Statements with respect to the Company that are subject to risks and uncertainties that include, but are not limited to those identified in the Company's press releases or discussed from time to time in the Company's Securities and Exchange Commission Filings. Actual results may vary.

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